Knotel Grabs Another Nearly 100K SF in Manhattan
By Nicholas Rizzi December 17, 2018 4:00 pmreprints
Less than a week after nailing down 80,000 square feet around Manhattan, fast-growing coworking company Knotel secured another nearly 100,000 square feet in five buildings, the company announced.
In the largest deal, Knotel signed a 12-year lease for 37,868 square feet in the OTB Group’s 220 West 19th Street between Eighth and Seventh Avenues, according to a Knotel release and landlord broker Francesco Bardazzi of PD Properties. Knotel will take the third through fifth floors along with the ninth floor of the 12-story Chelsea building.
Elie Reiss of Skylight Leasing represented Knotel in the deal while Bardazzi handled it for OTB along with Elizabeth Kum. Reiss declined to comment and Bardazzi called it a “nice transaction,” adding “it was a pleasure to work with the people from Knotel.”
Knotel also nabbed 30,337 square feet at 30 Broad Street between Exchange Place and Beaver Street, as per the release. The coworking company will take the entire ninth and 10th floors of the building and join tenant outsourcing company Maximus, New York Sports Club and law firm Lucas & Mercanti.
Reiss handled the deal for Knotel while Andrew Peretz, Hal Stein, David Malawer and Daniel Appel of Newmark Knight Frank brokered it for landlord Tribeca Associates. A spokesman for NKF did not immediately respond to a request for comment.
Knotel also inked deal for 12,425 square feet at 399 Lafayette Street, a 10-year lease for 11,498 square feet at 22 West 21st Street and 7,361 square feet at Justin Management’s 115 West 30th Street. (Disclosure: Observer Capital, led by Observer Media Chairman and Publisher Joseph Meyer, is a Knotel investor.)
A spokeswoman for Knotel would not provide the terms of the deals.
Michael Morris and Greg DiGioia of NKF handled the 399 Lafayette Street deal for Knotel while NKF’s Barrett Stern brokered it for landlord Fisher Realty.
Reiss represented Knotel in the 22 West 21st Street lease and Jonathan Anapol and Chris Bellino of Prime Manhattan Realty did it for landlord Condo Structure. Bellino declined to comment on the deal.
“We are continuously evaluating opportunities to expand our footprint based on factors like client demand, owner relationships and market conditions,” Eugene Lee, the head of real estate and business development for Knotel, said in a statement.